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US Debt Hits $33 Trillion for first time.

Ssemaganda Moses Hope



US Debt Hits $33 Trillion For First TimeTreasury Department data showed US national debt has pushed over $33 trillion for the first time in history, more than 36 times the level of 40 years ago.

“We are becoming numb to these huge numbers, but it doesn’t make them any less dangerous,” said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget.Republicans moved to mitigate the soaring debt on Sunday by revealing a short-term plan that included an 8% spending cut on federal agencies to avoid a race against time to avert a government shutdown just three months after the last potential crisis was avoided.


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